Look For A Market Bounce Today

September 22, 2023
Author: Peter Stolcers, Founder of OneOption

This will only be a bounce. Do not load up on bullish positions. Here's how to approach your swing trades.

PRE-OPEN MARKET COMMENTS FRIDAY – The SPY has broken out of the wedge formation after the FOMC statement Wednesday and the 100-day MA has been breached. This is a nice technical breakdown and it tells us to favor the short side. How should we trade this?

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